Regulatory Alerts2024-04-29
Consent Agreement and Order: PNC Investments LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against PNC Investments LLC for violating the Pennsylvania Securities Act of 1972 by employing unregistered investment adviser representatives. PNCI agreed to pay a $100,000 administrative assessment and comply with state registration requirements without admitting or denying the allegations. The order waives PNCI's right to a hearing or appeal and reserves the Department's authority to impose additional sanctions for future non-compliance.
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